Tagged: hexindai

Hexindai Announces Support For Regulators’ Decision to Include P2P Platforms in Central Bank’s Credit System

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Tuesday its support for the decision by industry regulators to include the country’s P2P platforms in the central bank’s credit system. The online lender reported that it believes this as a positive move for the P2P… Read More

Hexindai Announces Changes to Management

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it has made some changes to its management team. Hexindai reported that Johnson Qisen Zhang, the online lender’s CFO, has departed from the company and Kerrie Rui Zhang has replaced Johnson as Hexindai’s new CFO. … Read More

Hexindai-Backed Musketeer Completes Registration For P2P Platform With the Indonesian Financial Services Authority

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced last week its invested Indonesian online lending platform, Musketeer Group, Inc. (Musketeer) has completed registration for its peer-to-peer lending platform with the Indonesian Financial Services Authority (OJK). Hexindai notably acquired a 20% equity stake in Musketeer in… Read More

Chinese P2P Lender Hexindai Set to Launch Consumer Installment Financing Platform

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Tuesday it is set to launch a new consumer installment financing platform, called “Hexin Installments.” According to Hexindai, the platform will offer carefully curated categories for installment financing, such as electronic products, education, and travel products… Read More

Chinese P2P Lender Hexindai Issues $20 million Senior Unsecured Note to Majik Fund SPC

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Thursday it has issued a $20 million senior unsecured note to Majik Fund SPC, which is an exempted company managed by a subsidiary of Yunfeng Financial Group Limited. According to Hexindai, the note bears a fixed interest… Read More

Chinese P2P Lender Hexindai Announces Unaudited Third Quart of Fiscal Year 2019 Financial Results

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Thursday its unaudited financial results for the quarter ended December 31, 2018. According to Hexindai, fiscal year refers to the 12 months ended on March 31st.  Hexindai reported that Third Quarter of Fiscal Year 2019 Operational… Read More

Chinese P2P Lender Hexindai Announces Investor Insurance Coverage Agreement with Shanxi Zhengxuan Finance Guarantee

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Friday it signed a cooperation agreement with Shanxi Zhengxuan Finance Guarantee Co., Ltd., which reportedly is controlled by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), to provide investors on its platform with insurance coverage that… Read More

Chinese P2P Lender Hexindai Announces Funding Sources Partnership With Kunming Aotous

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced on Wednesday it has formed a funding sources partnership with Kunming Aotou Economic Information Consulting Co., Ltd. (Kunming Aotou).  Hexindai reported that through this agreement it will assess borrowers that are using its risk management and credit… Read More

Chinese P2P Lender Hexindai Announces Equity Stake Acquisition in Indonesian Online Lending Platform Musketeer

Chinese peer-to-peer lending platform Hexindai (NASDAQ:HX) announced on Tuesday it has entered into definitive agreements to acquire a 20% equity stake in Musketeer Group Inc., an Indonesian online lending platform that offers consumption installment loans, for approximately $1.6 million, and simultaneously completed the acquisition.  As… Read More

Hexindai Further Strengthens Risk Control to Better Protect Investors

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Friday it has further strengthened its risk control system to better protect investors throughout the entire process of borrower acquisition, risk-based pricing, post-loan management, and default risk coverage through its new comprehensive, stable and efficient asset… Read More

P2P Lender Hexindai Joins Nandu Finance Digital Union

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Tuesday it was officially accepted as a member of the Nandu Finance Digital Union on June 11th. The lending platform reported that the Union, which was launched in April 2018 by the Nanfang Metropolis Daily and the Nandu Finance… Read More

Hexindai Signs RMB 1 Billion Line of Credit Agreements with Ping An & Xiamen International Banks

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced last week it has signed RMB 1 Billion Line of Credit agreements with both Ping An and Xiamen International Banks. The company reported that Ping An Bank will provide a RMB 500 million line of credit with a term of one… Read More

P2P Lender Hexindai Announces New Nationwide Investor Education Seminar 

Hexindai (NASDAQ:HX), a China based peer to peer lender, announced on Monday the launch of its new nationwide Investor Education Seminar to introduce current and prospective investors to its business and educate them on its risk management systems, development strategy and insurance policies among other… Read More

P2P Lender Hexindai: A Discussion with CFO Johnson Zhang Regarding the Recent IPO

Hexindai (NASDAQ:HX), a China based peer to peer lender, became the most recent Chinese online lender to trade on a US exchange early last month. The company will report fiscal year results this coming Tuesday before markets open. The  online lender listed their shares on the… Read More

P2P Lender Hexindai Names Citi As Depositary Bank for American Depositary Receipt Program

On Wednesday, Chinese peer-to-peer (P2P) lending platform Hexindai announced it has appointed Citi’s Issuer Services business as the depositary bank for its American Depositary Receipt (ADR) program. According to the online lender, the program was established through an initial public offering of its American Depositary Shares (ADSs), priced… Read More

P2P Lender Hexindai will Ring NASDAQ Bell Today as Shares Trade in IPO

Hexindai Inc. (NASDAQ: HX) a peer to peer lending platform operating in China, priced and closed its initial public offering (IPO) of 5,000,000 American depositary shares at $10 per ADS raising $50.0 million. Each ADS represents one ordinary share of the Company. The shares commence trading on the… Read More

China: WeiyangX Fintech Review

Tencent Received License to Sell Insurance on WeChat and QQ This week, China Insurance Regulatory Commission (CIRC) announced that it had grant an operation license to Shenzhen Wei Min Insurance Agency Co. Ltd. Tencent owns a majority stake (57.8%) of this new insurer. Fubon Property… Read More

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